Crypto EcoBlog
Recently, on Friday, the U.S. Department of Defense (DOD) made it clear that they had chosen Microsoft over Amazon in their $10 billion cloud computing contract, also known as JEDI. With this contract, the Department of Defense will move its database to the cloud. However, this has left Amazon Web Services wondering as they were considered as leaders in the field, and the most likely winner of this contract.“We’re surprised about this conclusion. AWS is the clear leader in cloud computing,...
Read More »China Reveals over 500 Projects as It Goes Supernova in Blockchain Technology
Following Chinese President Xi Jinping’s call for his Country to “Seize the opportunity” offered by blockchain technology and the crypto space, it has been revealed by sources that the Chinese have been quietly working on over 500 blockchain projects in so many different fields with as many use-case scenarios which can be deployed practically in every sense.Sources indicate that the Cyberspace Administration of China has been in charge of the filings for blockchain technology projects before...
Read More »Justin Sun Teases $100B Partnership with Megacorporation and Says TRX Is to Take 4th Place
TRON founder and BitTorrent CEO Justin Sun has announced a teaser to whet appetites in the TRON community about an announcement from him and the TRON foundation before October completely runs out. Taking to Twitter to post the teaser, Sun announced that TRON will enter into a partnership by next week, with a “hundred billion USD megacorporation.”#TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT...
Read More »Tesla’s New Solar Roof V3 Is More Affordable than Single Roof with Solar Panels
On Friday, an American automotive and energy giant Tesla announced it had rolled out a new version of its solar roof tile for use at residential homes, V3 Solar Roof. According to Elon Musk, installations will begin in the upcoming weeks, with 1,000 new roofs expected to be produced per week.Tesla first came up with their Solar Roof Tiles in 2017, and the volume production was set to start in 2018. However, the process turned out to be quite slow, and the production was delayed until this...
Read More »Stellar Lumen (XLM) Price Likely Setting Up For Next Rally
Stellar lumen price is gaining bullish momentum and is trading nicely above $0.0650 against the US Dollar.XLM price is likely to rise further above the $0.0700 resistance in the near term.There is a major bullish trend line forming with support near $0.0655 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside unless there is a close below the $0.0620 support.Stellar lumen price is trading in an uptrend against the US Dollar and bitcoin. XLM price...
Read More »Ripple Price Analysis: XRP In Steady Uptrend Above $0.2800
Ripple price climbed higher recently and settled above the $0.2900 resistance against the US dollar.The price is showing positive signs and it could rally further above $0.3100.There is a connecting resistance trend line forming with hurdle near $0.3110 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The price remains well bid above the $0.2880 and $0.2900 support levels in the near term.Ripple price is trading in an uptrend above $0.2880 against the US Dollar. XRP price...
Read More »New Bill Suggests Stable Currencies Should be Regulated by the SEC
Stable currencies are all the rage as of late. Given the price volatility of many mainstream cryptocurrencies such as bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and bitcoin cash (BCH), some are looking for new ways to ensure their safety while also investing in digital currencies, and now it looks like stable currencies are about to get a big regulatory boost.Could a New Bill Make Stable Currencies Mainstream?A new bill has been opened in Congress called the “Stable Coins Are Securities...
Read More »Will Facebook Exit the Libra Association?
It’s never a good sign when a company is forced to leave something it’s created behind, but in the case of Facebook and Libra, the danger is all too real.Libra Is Heading for the “No Fly” ZoneFollowing his recent testimony before Congress regarding the new financial platform, Mark Zuckerberg announced that if Libra moves forward without congressional approval, Facebook would be forced to leave the Libra Association.This is not a good sign. First off, Facebook is the initial creator of the...
Read More »Bitcoin Adds Further Gains; Surges to $9,700
It’s happened again, folks. Another major jump for bitcoin is in the books, and this time, the currency is just shy of trading at the $10,000 mark.Bitcoin Explodes in Price AgainIt seems bitcoin has had an extraordinary week when one really considers the circumstances of its present price journey. The currency has managed to regain all its losses from September and October in just a matter of days. It fell from $9,500 in late September when Bakkt – the institutional crypto trading platform...
Read More »Crypto Capital President Arrested for Alleged Drug Running
The man in charge of Crypto Capital has been arrested on charges of money laundering and drug running.Crypto Capital Is Under FireIt has been reported that Ivan Manuel Molina – the president of Crypto Capital – has been taken into custody by Polish law enforcement for potentially being involved with “cocaine cartels.” Several other individuals have also been implicated and other arrests are expected in the coming weeks.In addition, Molina has ties with Bitfinex – one of the world’s most...
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